A savings account that offers convenience and easy access to funds with limited check writing ability.

Features & Benefits:

• Minimum opening deposit of $2,500
• Earn higher dividends when your balance reaches certain amounts.
• Check writing ability
• Dividends are compounded monthly and credited monthly
• Deposit via Payroll Deduction or Direct Deposit
• Unlimited mail or branch withdrawals
• Easy balancing using duplicate checks
• Earn competitive dividends as your balance grows

Note: Multiple accounts are only allowed for Share Certificates. All other deposit accounts are limited to one of each type.

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A savings account that offers competitive fixed rates and a variety of terms that will help you meet your long or short-term savings goals.

Option 1: Fixed Rate

• Minimum opening deposit of $500
• Dividend rate fixed for a specific term. Terms of 6,9,12,15*,24 or 36 months available

Option 2: Fixed Rate Deposit Plus

• Minimum opening deposit of $250
• Account term is 18 months
• Make additional deposits automatically through Direct Deposit or Payroll Deduction

Features & Benefits:

• Earn higher dividends than basic savings accounts
• Additional deposits permitted at the time of maturity. Automatic rollover available.
• Renewal grace periods of 10 days
• Maturity notices mailed 20 days before maturity date

Note: Multiple accounts are only allowed for Share Certificates. All other deposit accounts are limited to one of each type.

*Minimum Opening Deposit = $0.00. A minimum of $5.00 is required to earn APY. Upon maturity, the 15 Month Share Certificate will roll over into a 12 month Share Certifcate.

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MCU members can save for retirement with either a Traditional IRA, which allows tax-deductible contributions today, or a Roth IRA, which allows tax-free earnings in the future.

Traditional and Roth IRA Options include:

Option 1: Variable IRA Share Account*

Option 2: Fixed Rate Certificates*

Option 3: Variable Rate Certificates*

Note: Consult with your tax advisor regarding contribution limits and deductibility.

Features & Benefits:

A Coverdell ESA (Educational Savings Account) allows an adult to contribute up to $2,000 per year on behalf of a child. Contributions are non-deductible, but may be withdrawn tax-free when used for qualified education purposes at any time before the beneficiary reaches age 30

Option 1: Fixed Rate

• Minimum opening deposit of $500
• Dividend rate fixed for a specific term. Terms of 6, 12, 24 and 36 months available

Option 2: Variable Rate

• Minimum opening deposit of $100
• Account term is 18 months
• Dividend Rate may vary on a monthly basis after account is opened depending on market conditions
• Additional deposits may be made to build up to the full-year contribution (18 month variable only)

For more information or to open a Coverdell ESA:
Call 212-693-4900

Teach your children the value of saving.

Smart Apple Savers (Ages 0-21)

Future Investors (Ages 13-21)

Features & Benefits:

• Minimum opening deposit of $0.01
• No minimum balance charge
• Dividends are compounded quarterly and credited quarterly
• ATM access available for Future Investors accounts
• Quarterly statements
• Deposit via Payroll Deduction or Direct Deposit

Each account holds a one year term, and can be transferred at the end to your Everyday Hero Account or Hero Savings for easy access.

Features & Benefits:

• Low $5 minimum opening deposit
• May be opened at any time during the year
• Dividends compounded and paid monthly
• The balance from your Club Account will be deposited into your Everyday Hero Account or Basic Share Draft Account, or if you have no Everyday Hero Account or Basic Share Draft Account, to your Hero Savings Account on the following dates:
  • Vacation Club – May 1^st
  • Holiday Club – November 1^st
• Option to rollover funds to next year

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Note: Multiple accounts are only allowed for Share Certificates. All other deposit accounts are limited to one of each type.